Besides the upcoming WSwap airdrop, the rest of the Wault train has also not stopped, as we work on our third upcoming presale. With the new AMM WSwap joining our platform though, we’ll be implementing changes to both pool rewards and the LaunchPad tiers, making room for WEX in our ecosystem.
Changes to Wault’s Pools
We’ll be closing our 30-Day WAULT/BNB LP Locked Staking Pool, migrating those LP tokens to a new WAULTx/BNB LP Farming Pool that will have a much higher APR in WEX rewards. However, in exchange for these rewards, after a cutoff date 31 days from this announcement, stakers in the current LP Locked Staking Pool will no longer receive LaunchPad allocation.
For the next 31 days though, stakers in the current 30-Day WAULT/BNB LP Locked Staking Pool will still receive access to presale allocations based on the prior multipliers. Even so, be aware that if you stake new funds before we close deposits to the pool in 31 days, regardless of when you stake, your funds will still undergo a full 30-day lockup after, receiving no rewards and being ineligible for presale after the cutoff date. This is in order to prevent someone from gaming the system by staking the day before presale whitelisting. Of course, you may still decide it’s worth it to stake more in that pool for additional presale access this month, but that’s up to you.
Updates to LaunchPad Tiers
After the cutoff date 31 days from now, the tiers for LaunchPad allocations will simplify by a great amount. The layer of multipliers depending on which pool you are staking in will not exist, because after the cutoff, the only pool eligible for presale access will be the 30-Day WAULTx Locked Staking Pool. In other words, the only multiplier affecting your allocation size will be how many WAULTx tokens you have staking in that pool.
For the next 31 days though, the 30-Day WAULT/BNB LP Locked Staking Pool and the 30-Day WAULT Locked Staking Pool will have presale allocations, with the same multipliers of 10x and 5x respectively(which will become 2x and 1x), but the no lockup and 7-Day WAULT Locked Staking Pools will not have any presale allocations.
So if you want to continue receiving allocations, you will have to stake in the 30-Day WAULTx Locked Staking Pool, effective after this announcement. The next presale won’t be for at least 7 days, however, so it will have no effect on anyone staking in those pools at the moment. :)
The tiers in the 30-Day WAULT or/and WAULTx Locked Staking Pool will adjust to the following for the next presale:
• Silver: 100+ WAULT or 100k+ WAULTx have a multiplier of 1x
• Gold: 200+ WAULT or 200k+ WAULTx have a multiplier of 2x
• Platinum: 400+ WAULT or 400k+ WAULTx have a multiplier of 5x
• Diamond: 1000+ WAULT or 1m+ WAULTx have a multiplier of 12x
If you’re staking in the 30-Day WAULT/BNB LP Locked Staking Pool, you not have any presale allocations.
With the no lockup and 7-Day WAULT Locked Staking Pool no longer receiving allocation, we also believe the 1x allocations will rise for the next presale, so you can look forward to that if you’re in the lower tiers.
The minimum allocation in terms of tokens will be determined at the end of the whitelisting period and then adjusted for you through your personal multiplier. Everyone who qualifies and applies for whitelisting will receive an allocation spot.
As you can see, we have a lot on the way: the new AMM WSwap, new pools, and multiple projects passing through our LaunchPad pipeline. It won’t be too long until we announce the next presale either, so look forward to it!
What is Wault Finance?
Wault Finance is a decentralized finance hub that plans to connect all the primary DeFi use-cases within one simple ecosystem on Binance Smart Chain. We believe the benefits of DeFi should be accessible to the masses but in an intuitive way; avoiding the expensive fees, confusing interfaces, and centralized decision-making of many current platforms. So with these goals in mind, we’ve built a protocol with some unique features we believe will amplify the power of wealth-accumulation for our users.
In addition, we believe in open and decentralized governance. That’s why WAULT token holders will be able to vote on and decide all aspects of the protocol’s future development path. Every developer is also welcome to work on and contribute to our open-source code. Come join the movement and help us advance DeFi on the Binance Smart Chain!
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